Market averages in Europe traded lower after services sector growth declined in the Euro Area, UK and China. Producer price inflation turned negative and dropped to the level last seen in December 2020.
German trade surplus dropped to a 5-month low in May after exports to the US, the UK and China. Spanish jobless fell to a 15-year low and stayed below 3 million for the 14th month in a row.
European markets traded higher and final reading on manufacturing showed ongoing weakening business conditions. Consumer price inflation in Switzerland eased in June partly because of price controls.
Consumer price inflation in the Euro Area fell in June and jobless rate held at a record low level in May. easing inflation worries and indicating tight labor market conditions. Benchmark indexes in France and Germany recorded double digit gains in the first half.
European Market indexes rebounded a day after central bankers reiterated their hawkish stance. Eurozone sentiment indicators declined, Spain's inflation dropped below 2% target rate and Swedish krona dropped to a new low.
European markets advanced following mixed regional economic data but supported by positive economic advances in the U.S. Italy's inflation dropped to a 14-month low, Consumer confidence in Germany declined by rose in France and Spain's retail sales surged.
European markets turned lower after ECB President Lagarde reiterated the central bank's commitment in lowering inflation to 2% and continuing its aggressive rate hike campaign.
European markets extended weekly losses a day after central banks raised rates and held out for more raises. Eurozone business activities index eased in June and UK retail sales unexpectedly rose in May.
European markets traded lower on the worries of higher rate and lingering economic recession worries. New car registrations in the EU rose for the tenth month in a row. UK consumer inflation stayed significantly elevated.
European markets traded lower for the second day in a row amid market jitters linked to higher rates and elevated inflation. Germany's producer price inflation declined for the eighth month in a row. Swiss trade surplus expanded to a 15-month high.
European markets turned lower after reaching record highs and setting milestones in the previous week's trading. Bond yields traded at 12-year highs and the euro and the pound traded at 14-month highs.
European markets extended weekly gains and bond yields remained elevated after the European Central Bank signaled additional rate hikes following the latest increase this week.
European markets traded lower on the worries of more rate hikes to follow. The European Central Bank hiked its key lending rates as expected and rates are expected to climb higher.
